Cheap Homes for Rent in Waseca, MN from $800 (9 Rentals)

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Search the lowest-cost Homes available for rent right now in Waseca.

property at 207 E 4th St

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875

Total Monthly Price
$875

Studio, 1 Bath Condo for Rent

Available Jul 4

207 E 4th St

Albert LeaMN56007
property at 325 E Washington St

$1,025

Total Monthly Price

Total Monthly Price

Base Rent
$1,025

Total Monthly Price
$1,025

2 Bedroom, 1 Bath Condo for Rent

Available Now

325 E Washington St

MankatoMN56001
property at 240 E Rice St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 Bedroom, 1 Bath Townhome for Rent

Available Jul 10

240 E Rice St

OwatonnaMN55060
property at 815 N 4th St

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

3 Bedroom, 1 Bath Condo for Rent

Available Aug 11

815 N 4th St

MankatoMN56001

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

property at 1611 5th Ave

$1,215

Total Monthly Price

Total Monthly Price

Base Rent
$1,215

Total Monthly Price
$1,215

1 Bedroom, 1 Bath Home for Rent

Available Now

1611 5th Ave

MankatoMN56001
property at 615 4th Ave NE

$1,250

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

3 Bedroom, 1 Bath Home for Rent

Available Aug 1

615 4th Ave NE, Unit 1

615 4th Ave NE
WasecaMN56093
property at 101 Elm St

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

3 Bedroom, 1 Bath Condo for Rent

Available Now

101 Elm St

ClaremontMN55924
property at 730 N Broad St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

3 Bedroom, 1 Bath Condo for Rent

Available Sep 10

730 N Broad St

MankatoMN56001

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

property at 624 E Hawthorne St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

3 Bedroom, 1 Bath Home for Rent

Available Jun 15

624 E Hawthorne St

Albert LeaMN56007

Waseca, MN Local Guide

Cheapest Available Waseca Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waseca, MN is a 1 Bed unit found at F and H Apartments priced from $825. Four Seasons Apartments in the Downtown Faribault neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $975. Here is today’s list of the most affordable Waseca apartments for rent:

Apartment ListingModel NameBed/BathPriced From
F and H Apartments1 Bed, 1 bath1BR,1BA$825
Four Seasons ApartmentsCozy One Bedroom Apartment Home1BR,1BA$975
PARKVIEW ESTATES2 Bedroom 1 Bathroom2BR,1BA$975

Best Value Apartments for Rent in Waseca, MN and Nearby

As of June 14, 2026 the best value apartment in the Waseca area is the $1.02 price per square foot 621 State St N Model at 621 State St N, Unit House in the starting from $1,390. The second greatest value Waseca apartment is the 2 Bedroom 1 Bath Model at Tartan Glen starting at $1,550 with a $1.22 price per square foot in the University neighborhood. Here is today’s list of the best values for Waseca apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
621 State St N, Unit House621 State St N3BR,1BA$1.02
Tartan Glen2 Bedroom 1 Bath2BR,1BA$1.22
Autumn Wind TownhomesThree Bedroom3BR,1.5BA$1.27
Apartments on MoundTwo Bedroom2BR,1BA$1.24
South Pointe Apartments2 Bedroom 2 Bathroom2BR,2BA$1.30
Heritage Bluff Apartments LLC2 bedroom 1 bathroom2BR,1BA$1.31
Trails Edge Apartments LLC2 bedroom 2 bathroom2BR,2BA$1.40
Cedar Meadow Apartments3BR3BR,1BA$1.40
PARKVIEW ESTATES2 Bedroom 1 Bathroom2BR,1BA$1.11
Hillside ApartmentsOne Bedroom One Bathroom1BR,1BA$1.30

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

Read Article
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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

Read Article
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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Waseca, MN Rentals by Map

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Frequently Asked Questions about Waseca

What type of rentals are currently available in Waseca?

There are currently 67 Apartments for Rent in Waseca, MN with pricing that ranges from $665 to $2,830. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waseca ranging from $875 to $2,995.

What is the current price range for Rental Homes in Waseca?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Waseca ranges from $875 to $2,995 with an average monthly rent of $1,609.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.